Symmetrical Triangle

Price is inside the structure and remains above the .236 of the trend up since the covid low.

EARNINGS 1-13-23 BMO.

Neutral until broken.

No recommendation

Comment:

Analysts have lowered earning expectations' over the last quarter so numbers are soft. I am not sure how long companies can benefit from an earning's beat when the numbers are made "beatable" by analysts but I guess this can go on until folks notice it?
Analysts are lagging indicators, but at times they do influence the market.
Upgrades, downgrades, manipulation of earnings numbers, I could go on.
I try my best to ignore analysts ("

Comment:

I need to know the exact point of the break up or the break down to guesstimate exact targets, but these are close. I will update when triangle breaks.

Comment:

There are rising wedges well below price, but these are not valid until price reaches down for them. The over-supply dwelling in the rising wedge will kick in as a rule when the level is met. The lower line is support and is why this pattern is not valid until this line is broken.

Comment:

Broken and earnings are not positive by most analysts, but I do not trust them anyway..so who knows.

Comment:

I guess I never told you how happy you were mine.
I guess I just never took the time )o:

Comment:

1-18-23